Legalized Internet Gambling Worth Billions to US
One simple reason why Congress gets all worked up over such inoffensive acts as gambling over the Web: Currently there is no way to tax it, so it should be illegal. While it would make criminals out of people who play poker or blackjack on the Internet, it exempts those who gamble on horses and dogs, online lotteries and sports fantasy games that are legal within state boundaries.
The weak rationalization for this waste of legislative effort is that making online gambling a federal offense will keep addictive gamblers from destroying themselves and their families, while also shielding vulnerable juveniles. Are we to expect those gambling addicts, many of whom probably need counseling already, will simply stop the habit because of the new federal law? As for juveniles, they know like anyone else how to access other gambling venues, like the bookie down the street.
A finer approach Congress could take is to legalize and tax internet betting. That would bring an estimated $3.5 billion a year. Legalize it, as the UK recently did, and the states are predicted to benefit to the tune of over a $1 billion a year. Not bad for no investment.
July 14, 2006
Posted By Susan Torres
Staff Editor, CasinoGamblingWeb.com
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